$PANW Balance Sheet | Understand Stock

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$PANW

$274.55 -$5.88 (2.1%)

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Balance Sheet

Concept	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.364B -0.81% YoY	$4.158B 28.62% YoY	$3.066B -9.58% YoY	$2.903B 12.58% YoY	$2.383B -17.54% YoY	$3.233B -4.1% YoY	$3.391B -12.92% YoY	$2.579B 7.9% YoY	$2.890B -26.98% YoY	$3.371B 0.72% YoY	$3.894B 2.37% YoY	$2.390B -34.24% YoY	$3.958B 2.16% YoY	$3.347B 0.2% YoY	$3.804B 9.89% YoY	$3.635B 25.28% YoY	$3.875B 31.55% YoY	$3.340B 5.33% YoY	$3.461B 7.58% YoY	$2.901B -22.59% YoY
Cash & Equivalents	$2.364B -0.81% YoY	$4.158B 86.77% YoY	$3.066B 34.31% YoY	$2.269B 47.77% YoY	$2.383B 73.5% YoY	$2.226B 24.9% YoY	$2.283B -8.37% YoY	$1.535B 35.22% YoY	$1.374B -31.07% YoY	$1.783B 32.4% YoY	$2.491B 20.52% YoY	$1.135B -46.41% YoY	$1.993B -17.65% YoY	$1.346B -29.98% YoY	$2.067B -9.05% YoY	$2.119B 13.03% YoY	$2.420B 28.3% YoY	$1.923B -9.01% YoY	$2.273B 6.11% YoY	$1.874B -36.64% YoY
Short-Term Investments	N/A	$378.0M -62.45% YoY	$1.144B 3.23% YoY	$634.6M -39.19% YoY	$916.8M -39.55% YoY	$1.007B -36.63% YoY	$1.108B -20.96% YoY	$1.044B -16.82% YoY	$1.517B -22.83% YoY	$1.589B -20.61% YoY	$1.402B -19.26% YoY	$1.255B -17.24% YoY	$1.965B 35.1% YoY	$2.001B 41.15% YoY	$1.737B 46.11% YoY	$1.516B 47.63% YoY	$1.455B 37.33% YoY	$1.418B 33.99% YoY	$1.189B 10.5% YoY	$1.027B 30.02% YoY
Other Short-Term Assets	N/A	$1.045B 22.01% YoY	$1.020B 11.63% YoY	$940.0M 1.47% YoY	$911.5M 23.06% YoY	$856.5M 16.71% YoY	$913.7M 26.03% YoY	$926.4M 14.94% YoY	$740.7M -26.79% YoY	$733.9M -6.03% YoY	$725.0M 4.81% YoY	$806.0M 26.35% YoY	$1.012B 73.73% YoY	$781.0M 35.57% YoY	$691.7M 22.29% YoY	$637.9M 26.12% YoY	$582.4M 35.85% YoY	$576.1M 32.32% YoY	$565.6M 38.7% YoY	$505.8M 46.91% YoY
Inventory	N/A	N/A	N/A	$113.4M -2.16% YoY	N/A	N/A	N/A	$115.9M N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Prepaid Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Receivables	$2.852B 46.26% YoY	$2.116B 41.49% YoY	$1.343B 18.55% YoY	$2.965B 13.23% YoY	$1.950B 13.68% YoY	$1.496B -21.14% YoY	$1.133B -19.82% YoY	$2.619B 6.31% YoY	$1.715B 18.83% YoY	$1.896B 48.37% YoY	$1.413B 14.13% YoY	$2.463B 14.97% YoY	$1.444B 16.36% YoY	$1.278B 34.23% YoY	$1.238B 52.46% YoY	$2.143B 72.73% YoY	$1.241B 61.79% YoY	$952.2M 42.29% YoY	$812.1M 20.22% YoY	$1.240B 19.6% YoY
Other Receivables	N/A	$672.0M -10.98% YoY	$737.0M -8.46% YoY	$714.6M -1.56% YoY	$737.3M 28.83% YoY	$754.9M 69.45% YoY	$805.1M 80.52% YoY	$725.9M 86.7% YoY	$572.3M N/A	$445.5M N/A	$446.0M N/A	$388.8M N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A
Total Short-Term Assets	$7.713B 11.8% YoY	$8.369B 32.01% YoY	$7.310B 17.1% YoY	$7.523B 9.83% YoY	$6.899B 16.56% YoY	$6.340B -1.66% YoY	$6.243B -3.63% YoY	$6.850B 13.26% YoY	$5.919B -7.71% YoY	$6.447B 19.26% YoY	$6.478B 12.98% YoY	$6.048B -5.72% YoY	$6.414B 12.57% YoY	$5.406B 11.03% YoY	$5.734B 18.48% YoY	$6.415B 38.03% YoY	$5.698B 37.59% YoY	$4.869B 13.86% YoY	$4.839B 12.51% YoY	$4.647B -9.4% YoY
LONG-TERM ASSETS
Property, Plant & Equipment	$506.0M 37.87% YoY	$485.0M 35.4% YoY	$394.0M 9.14% YoY	$734.3M -1.7% YoY	$367.0M 4.77% YoY	$358.2M 1.67% YoY	$361.0M 2.38% YoY	$747.0M 20.91% YoY	$350.3M 2.52% YoY	$352.3M 2.2% YoY	$352.6M -0.31% YoY	$617.8M 3.0% YoY	$341.7M -3.91% YoY	$344.7M -4.96% YoY	$353.7M 9.07% YoY	$599.8M 88.38% YoY	$355.6M 10.2% YoY	$362.7M 9.68% YoY	$324.3M -4.02% YoY	$318.4M -8.53% YoY
Goodwill	$21.90B 440.68% YoY	$6.931B 71.1% YoY	$4.567B 12.74% YoY	$4.567B 36.31% YoY	$4.051B 20.11% YoY	$4.051B 20.11% YoY	$4.051B 38.4% YoY	$3.350B 14.46% YoY	$3.373B 15.24% YoY	$3.373B 15.81% YoY	$2.927B 6.52% YoY	$2.927B 6.52% YoY	$2.927B 7.16% YoY	$2.912B 6.63% YoY	$2.748B 0.56% YoY	$2.748B 1.39% YoY	$2.731B 0.67% YoY	$2.731B 5.72% YoY	$2.732B 38.79% YoY	$2.710B 49.49% YoY
Intangibles	$7.283B 897.4% YoY	$1.249B 61.91% YoY	$723.0M -10.7% YoY	$762.7M 103.44% YoY	$730.2M 79.01% YoY	$771.4M 75.28% YoY	$809.6M 178.69% YoY	$374.9M 18.86% YoY	$407.9M 19.76% YoY	$440.1M 21.68% YoY	$290.5M -18.26% YoY	$315.4M -17.97% YoY	$340.6M -17.35% YoY	$361.7M -18.52% YoY	$355.4M -24.59% YoY	$384.5M -22.88% YoY	$412.1M -22.29% YoY	$443.9M -17.96% YoY	$471.3M 21.22% YoY	$498.6M 39.2% YoY
Long-Term Investments	N/A	$3.362B -26.27% YoY	$5.982B 45.2% YoY	$5.556B 33.13% YoY	$5.152B 47.02% YoY	$4.560B 25.98% YoY	$4.120B 37.83% YoY	$4.173B 36.92% YoY	$3.504B 29.32% YoY	$3.620B 28.31% YoY	$2.989B 42.69% YoY	$3.048B 189.75% YoY	$2.710B 279.15% YoY	$2.821B 231.49% YoY	$2.095B 133.06% YoY	$1.052B 18.42% YoY	$714.7M -19.28% YoY	$851.0M -0.71% YoY	$898.8M 2.93% YoY	$888.3M 60.23% YoY
Other Assets	$593.0M 49.41% YoY	$427.0M 17.08% YoY	$390.0M 2.58% YoY	$3.432B 3.56% YoY	$396.9M 23.49% YoY	$364.7M 11.87% YoY	$380.2M 10.97% YoY	$3.314B 271.56% YoY	$321.4M -53.16% YoY	$326.0M -41.36% YoY	$342.6M -28.34% YoY	$891.9M -15.44% YoY	$686.1M 46.45% YoY	$555.9M 28.65% YoY	$478.1M 10.49% YoY	$1.055B 150.31% YoY	$468.5M -34.11% YoY	$432.1M -33.33% YoY	$432.7M -28.59% YoY	$421.4M 132.05% YoY
Total Long-Term Assets	$38.55B 155.25% YoY	$16.61B 13.67% YoY	$16.23B 14.82% YoY	$16.05B 22.16% YoY	$15.10B 25.74% YoY	$14.61B 23.36% YoY	$14.13B 69.63% YoY	$13.14B 55.46% YoY	$12.01B 54.86% YoY	$11.85B 52.69% YoY	$8.331B 22.33% YoY	$8.453B 44.78% YoY	$7.757B 43.58% YoY	$7.758B 40.23% YoY	$6.810B 21.89% YoY	$5.839B 4.37% YoY	$5.402B -0.35% YoY	$5.532B 6.13% YoY	$5.587B 26.25% YoY	$5.594B 42.12% YoY
TOTAL ASSETS
Total Short-Term Assets	$7.713B 11.8% YoY	$8.369B 32.01% YoY	$7.310B 17.1% YoY	$7.523B 9.83% YoY	$6.899B 16.56% YoY	$6.340B -1.66% YoY	$6.243B -3.63% YoY	$6.850B 13.26% YoY	$5.919B -7.71% YoY	$6.447B 19.26% YoY	$6.478B 12.98% YoY	$6.048B -5.72% YoY	$6.414B 12.57% YoY	$5.406B 11.03% YoY	$5.734B 18.48% YoY	$6.415B 38.03% YoY	$5.698B 37.59% YoY	$4.869B 13.86% YoY	$4.839B 12.51% YoY	$4.647B -9.4% YoY
Total Long-Term Assets	$38.55B	$16.61B	$16.23B	$16.05B	$15.10B	$14.61B	$14.13B	$13.14B	$12.01B	$11.85B	$8.331B	$8.453B	$7.757B	$7.758B	$6.810B	$5.839B	$5.402B	$5.532B	$5.587B	$5.594B
Total Assets	$46.27B 110.27% YoY	$24.98B 19.22% YoY	$23.54B 15.52% YoY	$23.58B 17.93% YoY	$22.00B 22.71% YoY	$20.95B 14.54% YoY	$20.37B 37.59% YoY	$19.99B 37.86% YoY	$17.93B 26.54% YoY	$18.29B 38.96% YoY	$14.81B 18.05% YoY	$14.50B 18.34% YoY	$14.17B 27.66% YoY	$13.16B 26.57% YoY	$12.54B 20.31% YoY	$12.25B 19.65% YoY	$11.10B 16.08% YoY	$10.40B 9.61% YoY	$10.43B 19.48% YoY	$10.24B 12.97% YoY
SHORT-TERM LIABILITIES
Accounts Payable	$293.0M 24.79% YoY	$262.0M 75.49% YoY	$223.0M 5.39% YoY	$232.2M 99.66% YoY	$234.8M 115.61% YoY	$149.3M -16.5% YoY	$211.6M 60.55% YoY	$116.3M -12.09% YoY	$108.9M 18.89% YoY	$178.8M 39.36% YoY	$131.8M 4.69% YoY	$132.3M 3.36% YoY	$91.60M -15.19% YoY	$128.3M 6.56% YoY	$125.9M 32.11% YoY	$128.0M 124.96% YoY	$108.0M 50.42% YoY	$120.4M 169.35% YoY	$95.30M 96.49% YoY	$56.90M -10.53% YoY
Accrued Expenses	$760.0M -7.83% YoY	$937.0M 20.5% YoY	$665.0M -2.65% YoY	$1.454B 36.95% YoY	$824.6M 99.85% YoY	$777.6M 97.26% YoY	$683.1M 83.88% YoY	$1.061B 13.02% YoY	$412.6M 9.7% YoY	$394.2M 19.85% YoY	$371.5M -2.34% YoY	$939.1M 9.16% YoY	$376.1M 0.19% YoY	$328.9M 1.51% YoY	$380.4M 17.19% YoY	$860.3M 161.17% YoY	$375.4M 43.56% YoY	$324.0M 26.91% YoY	$324.6M 24.51% YoY	$329.4M 28.27% YoY
Deferred Revenue	$7.113B 23.56% YoY	$6.248B 11.57% YoY	$6.132B 11.34% YoY	$6.302B 13.74% YoY	$5.757B 14.79% YoY	$5.600B 13.86% YoY	$5.508B 16.39% YoY	$5.541B 18.54% YoY	$5.015B 20.94% YoY	$4.918B 24.75% YoY	$4.732B 26.48% YoY	$4.675B 28.38% YoY	$4.147B 31.52% YoY	$3.943B 33.27% YoY	$3.741B 33.54% YoY	$3.641B 32.8% YoY	$3.153B 30.22% YoY	$2.958B 29.2% YoY	$2.802B 31.07% YoY	$2.742B 33.81% YoY
Short-Term Debt	N/A	$0.00 N/A	N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A
Long-Term Debt Due	N/A	N/A	N/A	$0.00 -100.0% YoY	$383.2M -67.04% YoY	$533.8M -70.7% YoY	$645.8M -66.83% YoY	$963.9M -51.6% YoY	$1.163B -68.43% YoY	$1.822B -50.49% YoY	$1.947B -47.07% YoY	$1.992B -45.84% YoY	$3.682B 0.17% YoY	$3.680B 0.17% YoY	$3.679B 0.18% YoY	$3.677B 136.01% YoY	$3.676B N/A	$3.674B 140.82% YoY	$3.672B N/A	$1.558B N/A
Total Short-Term Liabilities	$9.006B 16.88% YoY	$8.009B 6.05% YoY	$7.418B 0.21% YoY	$7.988B 3.97% YoY	$7.706B 8.76% YoY	$7.552B -2.75% YoY	$7.403B -1.47% YoY	$7.683B -0.71% YoY	$7.085B -18.01% YoY	$7.766B -8.37% YoY	$7.513B -8.32% YoY	$7.738B -6.85% YoY	$8.641B 12.56% YoY	$8.475B 14.43% YoY	$8.195B 14.71% YoY	$8.306B 62.34% YoY	$7.677B 155.29% YoY	$7.406B 69.24% YoY	$7.144B 171.12% YoY	$5.117B 90.09% YoY
LONG-TERM LIABILITIES
Long-Term Debt	N/A	$0.00 N/A	N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 -100.0% YoY	$0.00 -100.0% YoY	$0.00 -100.0% YoY	$0.00 -100.0% YoY	$1.668B -45.91% YoY
Other Long-Term Liabilities	$930.0M 5.92% YoY	$949.0M 7.52% YoY	$913.0M 8.2% YoY	$7.675B 13.69% YoY	$878.0M 148.94% YoY	$882.6M 177.72% YoY	$843.8M 511.45% YoY	$6.751B 34.61% YoY	$352.7M 294.08% YoY	$317.8M 331.79% YoY	$138.0M 15.67% YoY	$5.015B 34.19% YoY	$89.50M -13.11% YoY	$73.60M -28.47% YoY	$119.3M 11.5% YoY	$3.737B 3725.28% YoY	$103.0M 7.85% YoY	$102.9M 9.58% YoY	$107.0M 16.3% YoY	$97.70M 8.44% YoY
Total Long-Term Liabilities	$930.0M 5.92% YoY	$949.0M 7.52% YoY	$913.0M 8.2% YoY	$7.675B 13.69% YoY	$878.0M 148.94% YoY	$882.6M 177.72% YoY	$843.8M 511.45% YoY	$6.751B 34.61% YoY	$352.7M 294.08% YoY	$317.8M 331.79% YoY	$138.0M 15.67% YoY	$5.015B 34.19% YoY	$89.50M -13.11% YoY	$73.60M -28.47% YoY	$119.3M 11.5% YoY	$3.737B 3725.28% YoY	$103.0M 7.85% YoY	$102.9M 9.58% YoY	$107.0M 16.3% YoY	$97.70M 8.44% YoY
TOTAL LIABILITIES
Total Short-Term Liabilities	$9.006B 16.88% YoY	$8.009B 6.05% YoY	$7.418B 0.21% YoY	$7.988B 3.97% YoY	$7.706B 8.76% YoY	$7.552B -2.75% YoY	$7.403B -1.47% YoY	$7.683B -0.71% YoY	$7.085B -18.01% YoY	$7.766B -8.37% YoY	$7.513B -8.32% YoY	$7.738B -6.85% YoY	$8.641B 12.56% YoY	$8.475B 14.43% YoY	$8.195B 14.71% YoY	$8.306B 62.34% YoY	$7.677B 155.29% YoY	$7.406B 69.24% YoY	$7.144B 171.12% YoY	$5.117B 90.09% YoY
Total Long-Term Liabilities	$930.0M 5.92% YoY	$949.0M 7.52% YoY	$913.0M 8.2% YoY	$7.675B 13.69% YoY	$878.0M 148.94% YoY	$882.6M 177.72% YoY	$843.8M 511.45% YoY	$6.751B 34.61% YoY	$352.7M 294.08% YoY	$317.8M 331.79% YoY	$138.0M 15.67% YoY	$5.015B 34.19% YoY	$89.50M -13.11% YoY	$73.60M -28.47% YoY	$119.3M 11.5% YoY	$3.737B 3725.28% YoY	$103.0M 7.85% YoY	$102.9M 9.58% YoY	$107.0M 16.3% YoY	$97.70M 8.44% YoY
Total Liabilities	$18.60B 25.9% YoY	$15.59B 6.93% YoY	$14.87B 2.82% YoY	$15.75B 6.28% YoY	$14.77B 9.73% YoY	$14.58B 4.6% YoY	$14.46B 14.44% YoY	$14.82B 16.22% YoY	$13.46B 4.06% YoY	$13.93B 12.07% YoY	$12.64B 5.0% YoY	$12.75B 5.89% YoY	$12.94B 66.3% YoY	$12.43B 65.59% YoY	$12.04B 65.98% YoY	$12.04B 130.97% YoY	$7.780B 150.75% YoY	$7.509B 67.99% YoY	$7.251B 165.9% YoY	$5.214B 87.45% YoY
SHAREHOLDERS EQUITY
Retained Earnings	$3.073B 37.78% YoY	$3.250B 65.13% YoY	$2.818B 65.68% YoY	$2.484B 83.98% YoY	$2.230B 124.72% YoY	$1.968B 175.77% YoY	$1.701B -264.62% YoY	$1.350B -210.0% YoY	$992.5M -168.21% YoY	$713.7M -145.67% YoY	-$1.033B -37.27% YoY	-$1.227B -26.38% YoY	-$1.455B -12.89% YoY	-$1.563B -2.15% YoY	-$1.647B 9.54% YoY	-$1.667B 0.02% YoY	-$1.670B 7.94% YoY	-$1.597B 13.89% YoY	-$1.504B 19.33% YoY	-$1.667B 42.72% YoY
Common Stock	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Preferred Stock	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Treasury Stock (at cost)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Treasury Stock Shares	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Shareholders Equity	$27.67B 282.66% YoY	$9.393B 47.33% YoY	$8.665B 46.57% YoY	$7.824B 51.35% YoY	$7.231B 61.84% YoY	$6.375B 46.32% YoY	$5.912B 172.37% YoY	$5.170B 195.68% YoY	$4.468B 262.53% YoY	$4.357B 497.7% YoY	$2.171B 327.26% YoY	$1.748B 732.57% YoY	$1.232B 265.05% YoY	$729.0M 518.85% YoY	$508.0M -2.1% YoY	$210.0M -66.9% YoY	$337.6M -66.15% YoY	$117.8M -88.64% YoY	$518.9M -30.54% YoY	$634.5M -42.41% YoY
Total Liabilities & Shareholders Equity	$46.27B 110.27% YoY	$24.98B 19.22% YoY	$23.54B 15.52% YoY	$23.58B 17.93% YoY	$22.00B 22.71% YoY	$20.95B 14.54% YoY	$20.37B 37.59% YoY	$19.99B 37.86% YoY	$17.93B 26.54% YoY	$18.29B 38.96% YoY	$14.81B 18.05% YoY	$14.50B 18.34% YoY	$14.17B 27.66% YoY	$13.16B 26.57% YoY	$12.54B 20.31% YoY	$12.25B 19.65% YoY	$11.10B 16.08% YoY	$10.40B 9.61% YoY	$10.43B 19.48% YoY	$10.24B 12.97% YoY